Compagnie Miniere Esperance Announces Positive PEA Results on Esperance Gold Mine Concession; Production of 169,000 Oz/yr and AISC of US$786/Oz
(firmenpresse) - CAYENNE, FRENCH GUIANA -- (Marketwired) -- 01/14/16 -- La Compagnie Miniere Esperance ("CME" or the "Company") is pleased to announce the results of the NI 43-101 Preliminary Economic Assessment (PEA) at the Esperance Gold Mine Concession, French Guiana, conducted by GoldMinds Geoservices Inc.(Canada).
Esperance PEA Highlights ((i))
Carol Ostorero, CEO of Compagnie Miniere Esperance, and her brothers stated: "The completion of this positive PEA according to NI 43-101 regulations is an important step for the company. Our continuous efforts over the years have come to fruition. We at CME always knew we had an important gold project in our hands. The fact that this deposit is located on a concession, ready to be mined and with significant potential for expansion, makes it a highly attractive project."
The study
The actual Esperance Gold Mine could potentially support an open pit mine with conventional process units that are standard to the mining-milling industry, including: crushing, grinding, gravity concentration,cyanide leaching, activated carbon gold adsorption, carbon desorption, electrowinning, refining and carbon reactivation with cyanide destruction for the tails of the CIL circuit. The processing plant, with an annual capacity of 3.6 Mtpy rated at 3.3Mtpy for the PEA. The Gold recovery of the mill is anticipated to exceed 95%. No provision has been made to process the existing tailings of the historical 10 years of operation by gravity. The corporate tax rate on profit used in this PEA is 33.33%.
The actual scenario utilizes power supply from on-site generation at a cost of US$0.21/kWh. The average Ball Mill Work Index of 16.6 kWh/t is used as mineralized material is from fresh rock as well as Saprolite since mineralized fresh rock is readily accessible at Esperance.
The in-pit resources all categories stand at 52.8Mt (at) 1.68 g/t. The in-pit resources are derived from the Total mineral resource estimation using model blocks size 05 E x 05 N x 05 Z (Hard rock with density of 2.73 and saprolite Blocks with density of 1.61 t/m3 - rounded numbers - Capping of 30 g/t with Cut-off grade above 0.5 g/t)
((i)) NI 43-101 Cautionary Statement: Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The PEA is preliminary in nature and it includes Inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the conclusions reached in the PEA will be realized.
The technical content of this press release was prepared and reviewed by Claude Duplessis P Eng. geological engineer GoldMinds Geoservices Inc., an Independent Qualified Person as defined in NI 43-101 standards.
The technical report will be made available to groups having signed the Confidentiality Agreement once available. Other interested parties may contact us to have access to the Technical Report.
About CME
CME is a private Guyanese company owner of two mining sites:
For more information on CME visit:
Contacts:
Claude Duplessis P. Eng
GMG
1-418-653-9559
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Datum: 14.01.2016 - 14:01 Uhr
Sprache: Deutsch
News-ID 444235
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CAYENNE, FRENCH GUIANA
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Mining & Metals
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